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Sacramento's Blue Diamond plant closure reflects broader economic concerns, analyst warns
The announcement is raising broader concerns about the city’s ability to retain major businesses. Dr. Sanjay Varshney, a finance professor at Sacramento State University and founder of Goldenstone Wealth Management, called the move a wake-up call for local leaders.
Blue Diamond received some $20 million worth of incentives to keep its plant in midtown, as local politicians feared the move that will now happen.
Blue Diamond will begin closing its Sacramento processing facility. About 600 workers will be affected by the action.
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